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Financing Weekly
Editor
2024-12-22 13:02 6,223

Organization: Golden Finance

Summary

This week, 29 blockchain startups raised a total of US$752.2 million in funding.

This week’s largest financing round

Riot received US$594.4 million in financing.

Riot is a Texas-based Bitcoin mining and hosting company with the largest Bitcoin mining facility in North America and a leading position in the industry. By emphasizing the integration of currency and energy, Riot Blockchain helps increase the value of Bitcoin while promoting the advancement of energy networks and power generation capabilities.

Pre-seed and Seed Financing Rounds

BitDCA (Littlebit) received $2 million in pre-seed financing. BitDCA is a Prague-based platform that simplifies Bitcoin savings through its app Littlebit. The app automates Bitcoin purchases through a dollar-cost averaging (DCA) strategy, allowing users to easily accumulate Bitcoin through daily card transactions.

Silencio raises $2.5 million in Seed funding led by Blockchange Ventures*, Borderless Capital, Master Ventures, Blockchain Founders Fund (BFF), Prosper GmbH & Co. KG, Advanced Blockchain AG. Silencio is a community-driven network dedicated to solving the problem of noise pollution, incentivizing users to provide hyperlocal noise data through free applications. As one of the largest citizen science projects in the world, Silencio allows users to share their surrounding sound levels, earn rewards, and monetize their data to ultimately provide more accurate noise maps for industries such as real estate, hospitality, health, insurance, and academia. The goal is to reduce noise pollution and improve the quality of life worldwide.

Fraction AI received $6 million in pre-seed financing from The Spartan Group*, Symbolic Capital (formerly Hyperedge Capital)*, Borderless Capital, Anagram, Foresight Ventures, PAKA, MH Ventures, Karatage, Cogitent Ventures, Generative Ventures, Oak Grove Ventures, Mask Network, Next Web Capital, Kosmos Ventures, Builder Capital, Sandeep Nailwal, Illia Polosukhin led the investment. Fraction AI is a decentralized platform that leverages blockchain technology to create high-quality annotated datasets for training artificial intelligence models. By combining human intelligence and autonomous agents, the platform supports the submission, annotation and verification of multiple types of data (including text, images, audio and video) and ensures data quality through a reputation-based consensus mechanism. Contributors and validators are incentivized through FRAC tokens, driving community ownership and universal accessibility of datasets.

Promeet received $3.1 million in pre-seed financing. Promeet is a platform that enables content creators to host and monetize live events, shows, and conferences. With secure blockchain payments, creators can charge on a pay-per-view or hourly basis and profit instantly. Promeet supports real-time audience interaction and personalized content promotion, helping creators convert content into revenue.

Juicyway raises $3 million in pre-seed funding led by P1 Ventures*, Ventures Platform Fund, Future Africa, Magic Fund, Microtraction. Juicyway is a financial platform that offers multi-currency accounts, seamless currency exchange, and local or international transfers. The platform supports digital assets such as BTC, ETH and stablecoins, enabling safe transactions, earnings and withdrawals. Juicyway ensures compliance, transparent fees, and provides API-integrated global payment capabilities.

Other financing rounds

DuckChain received US$5 million in financing from investors including dao5 (daofive), Offchain Labs, Kenetic, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate Labs, Presto Labs, Camelot and Quantstamp. DuckChain is the consumption layer of The Open Network (TON), aiming to seamlessly connect TON with the global encryption ecosystem and promote the transformation experience from Web2 to Web3. Leveraging Arbitrum Orbit’s infrastructure, it enhances scalability and interoperability, enabling developers to deploy Ethereum-compatible smart contracts in the TON environment. At the same time, DuckChain launched the Initial Star Offering (ISO) to expand its Web3 capabilities by tokenizing Telegram star users.

Beam received $250,000 in financing from DWF Labs. Beam is a blockchain-based gaming ecosystem running on the Avalanche network, providing tools for game developers, enabling seamless Web3 integration, and a community-focused platform for players.

CELL Studio (UTXO Stack) raised an undisclosed amount in Series A funding from UTXO Management, CMS Holdings and PAKA. UTXO Stack is a modular Bitcoin second-layer blockchain launch platform developed by CELL Studio, which supports developers to create high-performance, scalable parallel chains and adopts Turing-complete smart contracts. Through the pledge of Bitcoin's first-layer assets such as BTC and CKB, network security is ensured, while supporting the development of the Bitcoin ecosystem and second-layer solutions.

Kettle raises $4 million in funding from investors including ParaFi Capital*, Zee Prime Capital, Kronos Research, Signum Capital, IOSG Ventures, Puzzle Ventures, OSF and Gmoney. Kettle is a peer-to-peer luxury watch marketplace that trades based on the full financial value of watches. The platform provides global 24/7 trading access, ensuring all watches are certified, insured and securely stored at the Kettle Vault in New York, providing collectors with a seamless and trusted trading experience.

Flock secures $3 million in strategic funding from investors including Digital Currency Group (DCG)*, Lightspeed Faction, Animoca Brands, Fenbushi Capital, Gnosis DAO, Bas1s Ventures, A41 and GSR Markets LTD. Flock is developing a privacy-preserving decentralized machine learning platform that leverages federated learning. The goal is to introduce competitiveness in the field of machine learning and advance the development of decentralized AI in a community-driven way through open leaderboards and sponsored training tasks.

Derive (ex Lyra) raises $500,000 in public sale financing. Derive is a decentralized protocol for creating programmable on-chain options, perpetual contracts, and structured financial products. It is based on Derive L2, an Ethereum rollup built on the OP Stack and managed by the DAO. The protocol adopts a modular architecture, supports flexible upgrades, and uses sub-accounts., assets and managers to optimize trade execution, risk management and liquidity.

Plume Network secures $20 million in funding from Brevan Howard Digital*, HAUN Ventures*, Lightspeed Faction* and Galaxy Digital*. Plume Network is a public blockchain designed for scaling real-world assets (RWAs), providing full-stack infrastructure to enable compliant deployment of any asset class. It supports activities such as yield earning, lending transactions and leveraged speculation, while integrating compliance measures such as KYC and AML.

Lens Protocol received $31 million in strategic financing from investors including Lightspeed Faction*, Avail, Alchemy Ventures, Circle Ventures, and others. Lens Protocol is a user-owned Web3 social graph built on the Polygon blockchain, designed to empower creators and enable portability of content and connections.

Masa secures an undisclosed amount in strategic funding from investors including Digital Currency Group (DCG)* and FBG Capital. Masa is building a decentralized Zk data market and network to provide a privacy-first decentralized Google for the artificial intelligence era.

Other startups (such as Hexagate, StablR, BVNK, etc.) have also received significant investment in their fields, helping to diversify the development of blockchain technology.

Hexagate receives an undisclosed amount in a mergers and acquisitions (M&A) funding round, with investment from Chainalysis. Hexagate is a Web3 security platform that provides real-time threat prevention and risk analysis to protect digital assets and smart contracts from cyberattacks, hacking, and financial risks. Its services are available for protocols, blockchains, asset managers, exchanges, Web3 applications and wallet providers to prevent financial losses through proactive measures.

StablR secures investment from Tether in an undisclosed funding round. StablR is a fintech company that provides an institutional-grade stablecoin platform that allows businesses to create, manage and redeem euro-denominated stablecoins (EURR). These stablecoins are fully backed by fiat assets, providing a safe and stable alternative to traditional currencies.

BVNK raises $50 million in Series B funding from investors including HAUN Ventures, Coinbase Venturesand Tiger Global. BVNK is a fintech company that provides stablecoin payment infrastructure, connecting traditional banking systems with blockchain technology to facilitate faster and more efficient global financial flows.

Prometheum receives $20 million in financing. Prometheum is a blockchain platform designed to provide issuance, trading, settlement and custody services for digital asset securities in compliance with regulatory frameworks. The platform was founded by a group of Wall Street lawyers to connect the traditional financial system with the emerging digital asset market.

Fuel Network raises $4.5 million in public sale financing. Fuel is a Layer 2 scalable technology designed to provide the world’s fastest modular execution layer. As the first optimistic rollout of the Ethereum mainnet, it provides blockchain developers with powerful capabilities through parallel transaction execution and the Fuel virtual machine.

Oasys secures investment from Animoca Brands Japan in an undisclosed amount of financing. Oasys is a public blockchain designed specifically for gaming, with fast transactions, zero fees, and environmentally friendly features. Its unique multi-tier architecture includes a highly scalable first tier and a second tier dedicated to scaling solutions.

Keypom received an undisclosed amount in a mergers and acquisitions (M&A) funding round, with investment from Infinex. Keypom is a platform that simplifies user onboarding and transactions on the NEAR blockchain. It distributes assets such as NEAR tokens, FTs, and NFTs through customizable links, allowing users to experience decentralized applications without having to own a wallet in advance.

Gasp (ex Mangata Finance) raises $450,000 in public sale financing. Gasp is a cross-chain transaction protocol designed to enable seamless transfers between Ethereum extended networks such as Arbitrum and Optimism, with plans to expand to other blockchains. As a Layer 2 cross-aggregation solution, Gasp leverages escape hatches, zero-knowledge proofs, and decentralized sequencers to ensure the security and integrity of user funds.

Omnia Protocol is backed by ChainGPT Labs, Castrum Capital and other investors in an undisclosed amount of funding. OMNIA provides secure, private RPC infrastructure for DeFi traders, supporting over 70 blockchain networks including Ethereum, BSC, and Solana. It addresses challenges such as front-running transactions and MEV mining through cutting-edge protection and real-time transaction flow, while enabling node operators to earn revenue through performance-based incentives.

Andrena (DAWN)Received $2.5 million in financing from VanEck. Andrena is a decentralized wireless Internet service provider revolutionizing broadband access through blockchain technology. It leverages the Solana blockchain to provide efficient, low-cost high-speed internet services, specifically providing connectivity solutions to underserved and remote areas.

Bitdrome received an undisclosed amount of funding from investors including BEVM and Michael Egorov. Bitdrome Finance is a decentralized exchange (DEX) that leverages Curve's next-generation automated market maker (AMM) technology. As the liquidity center of the Bitcoin ecosystem, users can exchange and flow tokens through Bitdrome's smart contracts. Sexually provided.

Mest received an undisclosed amount in a mergers and acquisitions (M&A) financing round, funded by NFTGo. Mest is a crypto portfolio management platform that provides accounting, analytics and personalized insights to help users track holdings, costs, gains and losses across their multi-wallet and exchange accounts. It also supports cross-chain news updates and cross-chain exchange functions to enhance user experience.

DexCheck AI received investment from ChainGPT Labs in an undisclosed amount of financing. DexCheck is an AI-based analytics platform designed to enhance the cryptocurrency and NFT trading experience. It provides real-time data, smart dashboards, and AI-driven insights to help traders make informed decisions. Its core features include token analysis, wallet analysis, and crypto whale tracking, while supporting multiple blockchain networks such as Ethereum, BNB Chain, and Solana.

The funding activity of these startups reflects the continued growth and innovation of the blockchain ecosystem in multiple areas, from decentralized finance (DeFi) to gaming, social media and data privacy technologies.

Keywords: Bitcoin
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